First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX) Reaches New 1-Year High - Still a Buy?

Key Points

• 52-week high: First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX) traded as high as $128.47 (last $127.97) on Wednesday with about 52,034 shares changing hands, and is trading above its 50- and 200-day moving averages ($121.70 and $116.22).
• Fundamentals and payout: FYX has a $1.14 billion market cap and a P/E of 13.79, and it paid a quarterly dividend of $0.2029 (annualized $0.81, yield ~0.6%) on March 31.
• Institutional activity: Several institutions have added or initiated stakes recently—most notably Concurrent Investment Advisors now holds 73,723 shares (~$8.03M), while firms like Root Financial and Mainsail Financial modestly increased positions.

First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX - ) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $128.47 and last traded at $127.97, with a volume of 52034 shares trading hands. The stock had previously closed at $126.94.

First Trust Small Cap Core AlphaDEX Fund Price Performance

The stock has a market capitalization of $1.14 billion, a price-to-earnings ratio of 13.79 and a beta of 1.06. The firm's fifty day moving average is $121.70 and its 200-day moving average is $116.22.

First Trust Small Cap Core AlphaDEX Fund Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were issued a $0.2029 dividend. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $0.81 annualized dividend and a yield of 0.6%.

Institutional Trading of First Trust Small Cap Core AlphaDEX Fund

Institutional investors have recently added to or reduced their stakes in the stock. Root Financial Partners LLC raised its holdings in shares of First Trust Small Cap Core AlphaDEX Fund by 7.7% during the third quarter. Root Financial Partners LLC now owns 7,133 shares of the company's stock worth $777,000 after purchasing an additional 513 shares during the period. Walkner Condon Financial Advisors LLC acquired a new stake in shares of First Trust Small Cap Core AlphaDEX Fund during the third quarter worth $201,000. Concurrent Investment Advisors LLC raised its holdings in shares of First Trust Small Cap Core AlphaDEX Fund by 5.2% during the third quarter. Concurrent Investment Advisors LLC now owns 73,723 shares of the company's stock worth $8,034,000 after purchasing an additional 3,666 shares during the period. CX Institutional acquired a new stake in shares of First Trust Small Cap Core AlphaDEX Fund during the third quarter worth $68,000. Finally, Mainsail Financial Group LLC raised its holdings in shares of First Trust Small Cap Core AlphaDEX Fund by 2.1% during the third quarter. Mainsail Financial Group LLC now owns 39,374 shares of the company's stock worth $4,291,000 after purchasing an additional 819 shares during the period.

About First Trust Small Cap Core AlphaDEX Fund

The First Trust Small Cap Core AlphaDEX Fund (FYX) is an exchange-traded fund that is based on the NASDAQ AlphaDEX Small Cap Core index. The fund tracks an index of small-cap stocks selected based on quantitatively driven growth and value factors. FYX was launched on May 8, 2007 and is managed by First Trust.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.